News & Insights
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Early Legal Fallout from Covid-19 Points to Force Majeure Clauses, But Contentious Litigation Sure To Follow
The legal provision at the top of most people’s minds in the early stage of the Covid-19 pandemic is force majeure, a clause included in many contracts that excuses the fulfillment of its obligations by one of the parties in case of “acts of God” or government...
Precautionary as well as Mandatory Measures Taken by Co-ops and Condos in NYC
As policies from the state and city rush in to deal with Covid-19, many actors in the real estate market are acting swiftly to comply with directives or put in place measures of their own to reduce the spread of the disease and protect their residents and communities....
Immediate Implications of the Coronavirus for NYC Real Estate
As the coronavirus pandemic rapidly impacts all aspects of daily life, a number of its implications are coming into view for the city’s real estate market. First, the pace of construction is unlikely to slow down in the immediate term due to the amount of long-term...
In-depth reporting details how private equity transformed the single-family rental market
The NY Times Magazine published an in-depth investigative piece last week on one of the most important, if poorly understood, changes in the U.S. housing market over the past decade—namely the entry of private equity and other financial firms into the single-family...
Evictions fall sharply in NYC as momentum builds for ‘good-cause’ eviction legislation
Although some of the most significant safeguards against eviction did not make their way into the final version of last year’s landmark rent legislation, the results of other efforts made by the city in recent years to assist NYC residents are certainly showing up in...
Major Judicial Ruling Would See Developers Knock 20 Stories off Luxury Tower on Upper West Side
One of the most controversial developments in the city—200 Amsterdam at 69th Street on the Upper West Side—saw a major ruling handed down this past week that would force the developer to deconstruct the top twenty floors off the new building. The ruling, subject to...